The Wyoming State announced Tuesday the main launch of its stable stable stable token on the stable border with US dollar dollar (Frnt)Affirming that this is the first stablecoin entirely reserved in the country issued by a public entity.
“The main launch of the Stable Frontier token will allow our citizens and companies a modern, effective and secure means of transforming in the digital age,” said Mark Gordon, governor of Wyoming and chairman of the Wyoming stable token commission.
The token has already been deployed on the arbitrum
Avalanche, base, ethereum, optimism, polygon (POL)And Solana Networks, Blockchain data on the project website is displayed. The token is designed to be over 2%, supported by US dollars and short-lived US Treasury Bonnes detained in trust.
The token will be available for the wider public in the coming days on Solana through the visa-integrated card platform by Wyoming Doomique Kraken and Rain on the Avalanche blockchain, the press release said.
The announcement, coincided with the Wyoming Blockchain Symposium Conference in Jackson Hole, Wyoming, follows the United States to promulgate federal laws with the engineering law to regulate the sector and issuers of fast-growing stables.
Stablecoins are a class of cryptocurrencies of $ 260 billion with prices related to an external asset such as the US dollar. They could become a market of a dollar billion in the coming years and disrupt the flow of payments as adoption in the real economy develops, the Crypto trading company planned in a recent report.
Wyoming, known for its avant-garde position on blockchain legislation, created the stable Wyoming token commission in 2023 to develop and issue a token supported by an American dollar and supervise its integration into public finances. Last month, the State carried out a test transaction for the payment of the government entrepreneur in real time on the Hashfire based on avalanche.
The Commission has teamed up with Layerzero for the emotions program, fire blocks for the blockchain infrastructure, Franklin advisers for reserves management, digital Inca for open source intelligence and network company for audits and monthly attacked, all selected via a market procurement process, said the press release.
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